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Which of the following cannot be classified as an auxiliary to trade?
Mining
Insurance
Warehousing
Transport
- Mining (Option 1):
- Mining involves extracting natural resources from the earth.
- It is considered a primary activity, not an auxiliary to trade.
- It provides raw materials for various industries.
- Mining is the correct answer, as it is not an auxiliary to trade.
- Insurance (Option 2):
- Insurance helps mitigate financial risks associated with trade.
- It provides security and reduces uncertainties for businesses.
- It supports commercial transactions and business operations.
- Warehousing (Option 3):
- Warehousing provides storage for goods before distribution.
- It ensures the availability of goods when required.
- It is a crucial link in the supply chain.
- Transport (Option 4):
- Transport is essential for moving goods from one place to another.
- It facilitates the physical distribution of products.
- It supports trade by connecting markets and consumers.
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